02
Jun
A disappointing forecast for the coming quarter and full year sent database company MongoDB Inc. headlong into a tailspin today, as the value of its stock dropped like a lead balloon in after-hours trading today. The company’s dismal guidance is the latest in a string of subpar financial forecasts from enterprise software vendors. Investors had feared the worst, for MongoDB’s stock was already trading 7% lower in the regular session, but when those fears were confirmed, it prompted a rapid selloff that saw the stock decline by a further 25% in extended trading. The company did OK in the first quarter,…